Is ARMO Broker free?

ARMO Broker does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with ARMO Broker though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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ARMO Broker fees
Overview of ARMO Broker fees and charges

When it comes to brokerage fees, ARMO Broker is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether ARMO Broker fees are beneficial for you. Continue reading about ARMO Broker fees and charges to see if this is the right broker for you, or if a similar broker like CapTrader or Brokerpoint might suit you better.

Here's a high-level overview of ARMO Broker's fees

ARMO Broker Fees snapshot
Assets Fee level Fee terms
US stock fee Low $0.01 per share with a minimum of $3, but capped at 1.20% of trade value
EURUSD fee High 0.4 pips * trade value; minimum $4
US mutual fund fees Average $14.95 per transaction or 3% of trade value, whichever is lower
Inactivity fee Low No inactivity fee

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ARMO Broker fees
ARMO Broker fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare ARMO Broker fees with its closest competitors, CapTrader and Brokerpoint.

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ARMO Broker fees
ARMO Broker trading fees

ARMO Broker's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to the different asset classes available at ARMO Broker.

Trading fees

ARMO Broker's trading fees are average.

Stock fees and ETF fees

ARMO Broker has low stock trading fees.

Stock fees of a $2,000 trade
ARMO Broker CapTrader Brokerpoint
US stock $3.0 $2.0 $2.0
UK stock $9.8 $11.2 $2.8
German stock $4.7 $4.8 $2.7

Forex fees

ARMO Broker's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
ARMO Broker CapTrader Brokerpoint
EURUSD benchmark fee $14.5 $14.2 $9.4
EURGBP benchmark fee $14.7 $14.2 $10.2

Fund fees

ARMO Broker fund fees are average.

Fees of a $2,000 fund purchase
ARMO Broker CapTrader Brokerpoint
Mutual fund $15.0 $15.0 $15.0
EU mutual fund - - -

Bond fees

ARMO Broker has low bond fees.

Fees of a $10,000 bond trade
ARMO Broker CapTrader Brokerpoint
US Treasury bond $10.0 $5.0 $5.0
EU government bond $10.0 $10.0 $10.0

Options fees

ARMO Broker's options fees are high.

Options fees for 10 contracts
ARMO Broker CapTrader Brokerpoint
US stock options - $35.0 $20.0
US stock index options $33.0 $35.0 $20.0
UK stock index options $46.2 $49.0 $42.0
German stock index options $22.8 $24.0 $22.7

Futures fees

ARMO Broker's futures fees are high.

Stock index futures fees for 10 contracts
ARMO Broker CapTrader Brokerpoint
US micro e-mini stock index futures $12.5 $35.0 $20.0
UK stock index futures $46.2 $49.0 $42.0
German e-mini stock index futures $22.8 $24.0 $22.7

CFD fees

ARMO Broker has high CFD trading fees.

CFD fees and commissions on a $2,000 trade
ARMO Broker CapTrader Brokerpoint
Apple CFD $2.2 $2.2 $3.2
Vodafone CFD $5.9 $5.9 $5.9
Germany - - -

Margin rates

ARMO Broker margin rates are low.

ARMO Broker margin rates
ARMO Broker CapTrader Brokerpoint
USD margin rate 1.6% 2.6% 1.6%
EUR margin rate 1.5% 2.5% 1.5%

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ARMO Broker fees
ARMO Broker non-trading fees

When it comes to non-trading fees, ARMO Broker is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at ARMO Broker that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how ARMO Broker stacks up in terms of non-trading fees
ARMO Broker CapTrader Brokerpoint
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes Yes
Account fee No No No

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ARMO Broker fees
ARMO Broker deposit fee

Usually, brokers don't charge anything for deposits, and ARMO Broker is no different.

ARMO Broker deposit methods
ARMO Broker CapTrader Brokerpoint
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Deposit fee $0 $0 $0

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ARMO Broker fees
ARMO Broker withdrawal fee

ARMO Broker generally doesn't charge a withdrawal fee.

ARMO Broker withdrawal fees and options compared
ARMO Broker CapTrader Brokerpoint
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No No
Withdrawal fee for bank transfer $0 $0 $0

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ARMO Broker fees
ARMO Broker inactivity fee

ARMO Broker does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Author of this article

Gabriella Lovas

Author of this article

Gabi is now a Financial Analyst at BrokerChooser after working as a Content Editor for a year. Previously, she was a European equity reporter at Bloomberg covering European health care and chemical stocks as well as US futures, until she relocated to Spain in 2019. Gabi has a Master's degree in Economics and she is a stock investor on her own account. She is also a member of an investment club in Barcelona.

Gabriella Lovas

Content Editor

Gabi is now a Financial Analyst at BrokerChooser after working as a Content Editor for a year. Previously, she was a European equity reporter at Bloomberg covering European health care and chemical stocks as well as US futures, until she relocated to Spain in 2019. Gabi has a Master's degree in Economics and she is a stock investor on her own account. She is also a member of an investment club in Barcelona.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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